Galves Market Conditions – May 2012

Galves_Dan2

Dan Galves
Edi­tor
Galves Auto Price List

Galves Mar­ket Con­di­tions – May 2012

Fuel sip­ping econo-cars and hybrids are com­ing back to earth after about six con­sec­u­tive weeks of gaso­line prices retreat­ing, and gas guz­zlers are sta­bi­liz­ing. Deal­ers might be get­ting used to this new rite-of-spring, as their reac­tions have been less fran­tic pay­ing up and sell­ing down than in years past.

Will Avis and Bud­get No Longer Be Able to Get $21K for Base 2011 Prius Approach­ing 30K Miles?:
Can def­i­nite­ly expect those kinds of vehi­cles to erode pret­ty quick­ly if fuel prices con­tin­ue to mod­er­ate.

Rest of Mar­ket is Gen­er­al­ly Sta­ble While Per­haps a Bit Unpre­dictable Week to Week:
Have seen week that looks like down­turn fol­lowed by week that makes pre­vi­ous one look like tem­po­rary blip.

Expect to See Decrease in Lev­el of Demand Seen So Far in 2012:
And an accom­pa­ny­ing soft­en­ing of mar­ket as we move into and through sum­mer.

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